Investing, Accounting, and the Chinese Market

Waking up on Friday, we headed to FountainVest Partners, a private equity firm that works within China. Due to the regulations in place with regard to the public Chinese companies, many companies find it easier to simply invest in smaller, private corporations. FountainVest's primary investors are from Canada and the United States. It was an interesting experience for those interested in pursuing a career in the private equity field.




Later, we ventured over to Ernst & Young, one of the Big Four accounting firms. The presenter was incredibly insightful and answered many students' questions. It was interesting to hear her discuss why she prefers American employees to Chinese employees. She said that Chinese students can retain any kind of information placed before them, but unlike their American counterparts, they will never ask questions or correct their superiors when necessary. This apparently had caused her considerable trouble in the past.




That night, we had dinner with Mr. Simon Goe, a famous Kelley alum living in Beijing. The experience was unusual being that it was difficult to understand Mr. Goe's English, but it was nevertheless an insightful discussion, allowing us to view China through the eyes of one of its famous businessmen.